Wednesday, August 29, 2012

Jalan: Inflation Bigger Concern Than Growth


Inflation remains the bigger concern for India even as the near-term growth prospects of Asia's third-largest economy have deteriorated considerably since the beginning of the year, said Bimal Jalan, a former central bank Governor. His views echo those of the Reserve Bank of India, which has maintained a tight monetary stance even as it slashed its estimate on domestic growth for the fiscal year through March 2013....... 

No comments: